MARGIBI COUNTY – Communities in Margibi and Bong Counties, represented by Green Advocates International (GAI) and three of its local partners, filed a complaint with the Compliance Advisor Ombudsman (CAO), against the operations of the Salala Rubber Corporation (SRC) in Margibi County (Liberia). CAO is the independent watchdog and accountability mechanism for the International Finance Corporation (IFC) and the Multilateral Investment Guarantee Agency (MIGA), of the World Bank Group. How could the Assessment team be bias in favor of the affected communities? We understand that during lockdown your operations and revenues are suffering, but we are convinced that it is within the financial capabilities of the Socfin group to pay full salaries to their employees during the Covid-19 outbreak.”Historically, the Salala Rubber Corporation in Liberia (SRC) was established by a merger in July 2007 between a standalone rubber processing factory called Weala Rubber Company and a standalone rubber plantation formerly called Salala Rubber Corporation. The plantation was setup in 1959 by the Weala Rubber Company and was acquired by the Socfin Group in 2007, after the civil war in Liberia.

Source: Front Page Africa May 28, 2020 18:45 UTC